Search found 5241 matches

by Fallible
Tue May 31, 2016 6:28 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1573
Views: 355009

Re: What Book Are You Currently Reading? Part VI

Just read "The Big Short" by Michael Lewis. This was a great and interesting read. I was already familiar with the issues and failings of the sub-prime mortgage debacle, but it was really interesting to read about how these three unconventional groups of outsiders figured out the fallacy ...
by Fallible
Tue May 31, 2016 10:21 am
Forum: Investing - Theory, News & General
Topic: Behavioral Errors / Risk Tolerance
Replies: 14
Views: 889

Re: Behavioral Errors / Risk Tolerance

OP here. Thanks to all that have already taken the time to respond. In 2008 my portfolio was quite small. At one point I was down enough money to buy a new compact car (others lost a lot more). I was aggressively buying equities during that time. As a result, my portfolio is now much larger than it...
by Fallible
Mon May 30, 2016 8:42 pm
Forum: Investing - Theory, News & General
Topic: Behavioral Errors / Risk Tolerance
Replies: 14
Views: 889

Re: Behavioral Errors / Risk Tolerance

As someone who wants to become a better, long term investor, I believe it is critically important to understand how the investing mistakes that I'm making today will impact my long term results. Specifically, when it comes to risk tolerance, I can either have a portfolio that has too much in equiti...
by Fallible
Sat May 28, 2016 9:54 pm
Forum: Investing - Help with Personal Investments
Topic: Reading advice
Replies: 26
Views: 1256

Re: Reading advice

I'm sure this has been discussed adnausim, but just thought I'd ask. I've read boglehead guide to investing and coffeehouse investor. What would be another good book to read? Something that won't bore you to death. Just trying to gain knowledge here. It would help to know whether you are looking fo...
by Fallible
Sat May 28, 2016 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: Reading advice
Replies: 26
Views: 1256

Re: Reading advice

I'm sure this has been discussed adnausim, but just thought I'd ask. I've read boglehead guide to investing and coffeehouse investor. What would be another good book to read? Something that won't bore you to death. Just trying to gain knowledge here. It would help to know whether you are looking fo...
by Fallible
Sat May 28, 2016 7:47 pm
Forum: Personal Consumer Issues
Topic: Taking classes at a community college - Question about placement tests
Replies: 33
Views: 1622

Re: Taking classes at a community college - Question about placement tests

I think a phone call to the right person will clear this up. Since retiring I've taken noncredit courses at the local community college and never experienced what your college is telling you. Watch out though...with your outstanding academic background, and as livesoft said, you may be asked to do t...
by Fallible
Wed May 25, 2016 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: Need what to do advice for elderly relative w/ memory loss.
Replies: 12
Views: 1111

Re: Need what to do advice for elderly relative w/ memory loss.

Unfortunately she doesn't think she needs help. She thinks her old doctor was trying to poison her (just had her on depression meds) and they won't talk to me. ... Are you saying her doctor won't talk to you? If that's the case, it would be unusual, but you or your sister could ask your doctors for...
by Fallible
Wed May 25, 2016 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: 84 Year Old Aunt selling small farm
Replies: 26
Views: 2396

Re: 84 Year Old Aunt selling small farm

Is the buy/rent arrangement okay with your aunt? Is the daughter doing this just for her?
by Fallible
Wed May 25, 2016 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Need what to do advice for elderly relative w/ memory loss.
Replies: 12
Views: 1111

Re: Need what to do advice for elderly relative w/ memory loss.

No. 1 is not an option. You need medical and legal advice now. She must have a doctor's diagnosis of her condition as soon as possible. Does she have a doctor now? If so, contact him or her right away for advice. If not, you or your sister should contact your own doctors for advice. Does she or do y...
by Fallible
Wed May 25, 2016 1:53 pm
Forum: Investing - Theory, News & General
Topic: "A Risk Drill for Your Retirement Portfolio"
Replies: 6
Views: 1326

Re: "A Risk Drill for Your Retirement Portfolio"

Good article and links. Those are indeed the questions to ask and to keep asking throughout retirement.

Thanks for posting.
by Fallible
Wed May 25, 2016 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Need Moral Support for FA Breakup!
Replies: 68
Views: 4739

Re: Need Moral Support for FA Breakup!

I lost control of the conversation and, 90 minutes later, was out of energy to end things. :oops: Sorry to hear that. I assume that it became clear early on what you intent was, and the advisor was determined not to let you get around to it? I also assume the advisor has much more experience derail...
by Fallible
Tue May 24, 2016 9:54 pm
Forum: Investing - Help with Personal Investments
Topic: Need Moral Support for FA Breakup!
Replies: 68
Views: 4739

Re: Need Moral Support for FA Breakup!

Given all the good input everyone has provided, I thought I should share a follow up. I had the call with my FA today. I lost control of the conversation and, 90 minutes later, was out of energy to end things. :oops: But, after more deliberation tonight and reviewing this thread again, I decided to...
by Fallible
Tue May 24, 2016 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard's Bogle lauds new fiduciary-duty standard for retirement advice
Replies: 2
Views: 419

Re: Vanguard's Bogle lauds new fiduciary-duty standard for retirement advice

I like "The Investor's Bill of Rights" and this from Jack: "Put the investor first. It's not that complicated."

Thanks for posting.
by Fallible
Tue May 24, 2016 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Help with parents' investments--adviser or no?
Replies: 9
Views: 635

Re: Help with parents' investments--adviser or no?

If they are not prepared to handle things themselves, and you aren't either, Vanguard's Personal Advisory Service may be a good fit for them, based on what I've read. It will lower their advising expenses a lot (down to 0.3% I believe), and it will give them an advisor that will put them into low c...
by Fallible
Tue May 24, 2016 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: be my mother in law's financial advisor...or not?
Replies: 21
Views: 1967

Re: be my mother in law's financial advisor...or not?

I'm a mid forties, a patented boglehead....... perfectly fine with three fund portfolio and indexing, vanguard principles. My mother in law is late 60's, not healthy ( diabetic, morbidly obese) and knows next to nothing about investing and , I can say quite confidently, never will. She came to me 8...
by Fallible
Mon May 23, 2016 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: Need Moral Support for FA Breakup!
Replies: 68
Views: 4739

Re: Need Moral Support for FA Breakup!

... One question that I should have asked: I'm probably going to eventually transfer this to Vanguard, but it's with Schwab now. I just need him to turn over the keys to the car at this point, right? I assume I can worry about which institution I'm using later. There's a whole separate issue of how...
by Fallible
Mon May 23, 2016 7:03 pm
Forum: Investing - Theory, News & General
Topic: irreverent??? [Bogleheads' Guide to Investing]
Replies: 19
Views: 2329

Re: irreverent???

dbr wrote:In the context it is intended as praise.


Yes, I also think praise was the writer's intention and I think most people familiar with the book or the Bogleheads or Bogle will realize that.
by Fallible
Mon May 23, 2016 5:11 pm
Forum: Personal Consumer Issues
Topic: Painting House Interior - How easy to do it yourself?
Replies: 100
Views: 5076

Re: Painting House Interior - How easy to do it yourself?

Haven't read all of the posts so may repeat, but generally I'd say try it yourself, but first read up on how to do it, what materials, paint, etc., then try just one easy room or area and see how it goes. I think you'll find it fairly easy and that the most important and time-consuming part is prepa...
by Fallible
Mon May 23, 2016 3:57 pm
Forum: Personal Consumer Issues
Topic: Bikes
Replies: 70
Views: 3266

Re: Bikes

Thanks all. Looking to spend ~$200 each or less, just for something to do on the weekends and nice weather doesn't last that long in Minnesota. ... I think if you want to stay at $200, it will have to be used so the recommendations you already have here will help. I would just say that no matter wh...
by Fallible
Mon May 23, 2016 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: Need Moral Support for FA Breakup!
Replies: 68
Views: 4739

Re: Need Moral Support for FA Breakup!

You understand everything: why you must leave, why it's hard to leave, and how you will invest when you do leave. All that's left is how to leave. Remember, you are not leaving a friend, but a business arrangement and a money-losing arrangement for you (not him) at that. Briefly tell him of your dec...
by Fallible
Mon May 23, 2016 2:02 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1642
Views: 343298

Re: What Movie Have You Recently Watched?

Selma . I thought much of it was outstanding, including writing, casting, acting, directing. Despite the almost requisite bombings I've seen in movies and the suicide bombings on TV news, the church bombing in this movie shook me like no other. I was in college majoring in Sociology when most of th...
by Fallible
Mon May 23, 2016 12:46 pm
Forum: Investing - Theory, News & General
Topic: irreverent??? [Bogleheads' Guide to Investing]
Replies: 19
Views: 2329

Re: irreverent???

.... My take would be the book is not deferential to financial advisors and the traditional advisory model of investing. Irreverent = DIY Investing? That would be my take, as well. And my take, also. It's not the right word, but I know what the author means. The same word is used in the last paragr...
by Fallible
Mon May 23, 2016 12:25 pm
Forum: Investing - Theory, News & General
Topic: safe alternative to stock market
Replies: 61
Views: 5749

Re: safe alternative to stock market

"Investors are often asked by financial advisors to take risk tolerance questionnaires intended to help determine how aggressive or conservative their investments should be. But Jane Bryant Quinn in her book, How to Make Your Money Last, calls the questionnaires "... generally bunk. You’l...
by Fallible
Sat May 21, 2016 12:43 pm
Forum: Investing - Theory, News & General
Topic: safe alternative to stock market
Replies: 61
Views: 5749

Re: safe alternative to stock market

Rip: You know you are going to destroy your returns, don't you? The behavioral side of finance is perhaps more important than the strategy. Read some Bogle or some Bernstein. Individual investors in funds underperform the funds they are invested in by TWO PERCENTAGE POINTS. Why is that? They are ju...
by Fallible
Fri May 20, 2016 4:09 pm
Forum: Personal Consumer Issues
Topic: Pay off car or save/invest that money
Replies: 14
Views: 1043

Re: Pay off car or save/invest that money

What's the loan interest rate? Do you already have a 3-6 month emergency fund? How big is your monthly car payment compared to net take home pay? How much extra cash do you have each month after paying your regular bills and putting some aside for the semi-annual or unforeseen expenses that will oc...
by Fallible
Wed May 18, 2016 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: My friend wants to invest money; please review my advice for her
Replies: 44
Views: 3179

Re: My friend wants to invest money; please review my advice for her

She wants to invest for general savings. This does not provide a good picture of what her goals are. It doesn't sound like she is trying to save for retirement. Ask what she has in mind. ... Paul I think it's becoming clear from this thread that this is one of two key questions to ask her. The othe...
by Fallible
Wed May 18, 2016 4:29 pm
Forum: Investing - Theory, News & General
Topic: Overconfident Investors, Predictable Returns, and Excessive Trading
Replies: 10
Views: 1411

Re: Overconfident Investors, Predictable Returns, and Excessive Trading

larryswedroe wrote:woodwose
It's such a rare condition that it has not been studied, cannot get big enough sample to be meaningful (:-))


:thumbsup
:)
by Fallible
Wed May 18, 2016 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Seeking help with my mother's finances
Replies: 16
Views: 916

Re: Seeking help with my mother's finances

I know the complexities and worries you and your siblings are undergoing and you already have done a great deal for your mother. You are doing the best you can and that is quite a lot, in particular with the planner. I may have missed this, but exactly what are her expenses and what for and what mig...
by Fallible
Tue May 17, 2016 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: My friend wants to invest money; please review my advice for her
Replies: 44
Views: 3179

Re: My friend wants to invest money; please review my advice for her

Thanks for all the responses. I'll clarify that she has exceptionally low expenses, so she's able to save nearly all of the $20,000 she earns a year. As for the goals, there's nothing concrete. I suppose it's retirement savings; she would probably also use some of it to travel every few years. She ...
by Fallible
Tue May 17, 2016 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: "Don't you dare figure it out on your own!"
Replies: 38
Views: 6461

Re: A simple portfolio

Church Lady: One of the advantages of a simple, sophisticated portfolio is that it can usually be self-managed. This is one of the advantages of The Three-Fund Portfolio. Best wishes. Taylor Exactly. And my guess is that the "coach" who warned the OP not to figure it out on her own was no...
by Fallible
Tue May 17, 2016 5:55 pm
Forum: Investing - Help with Personal Investments
Topic: My friend wants to invest money; please review my advice for her
Replies: 44
Views: 3179

Re: My friend wants to invest money; please review my advice for her

My friend told me she wants to invest $40,000 she has saved up, and she sought the counsel of my rudimentary investment knowledge. She wants to invest for general savings. She's 30, earns around $20,000 a year, lives in Oregon, has no other financial assets to speak of apart from a few thousand in ...
by Fallible
Tue May 17, 2016 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Which Job Offer?
Replies: 18
Views: 1532

Re: Which Job Offer?

I would say that at this point in your life and with financial security from your hudband's job, go for what is "intellectually stimulating" because it provides challenges that can continue to develop your interests and skills. It all depends on what is most important and right for you.
by Fallible
Tue May 17, 2016 10:41 am
Forum: Investing - Help with Personal Investments
Topic: Best beginner options
Replies: 24
Views: 1706

Re: Best beginner options

...I certainly won't get comfortable, although I will be taking time off investing in favor of paying off debt. The only "time off" you need to take from investing now is the actual investing. Now, while you are paying off debt AND then building at least six months of emergency savings, y...
by Fallible
Mon May 16, 2016 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Some days still not sure I made the right choice
Replies: 49
Views: 7795

Re: Some days still not sure I made the right choice

Mule, could you elaborate on why you feel this way? You are financially secure and you seem to have found a part time job sufficient to keep you busy. Was your identity somewhat involved with the job? Do you miss the work? What prompted your decision to retire and have those circumstances changed? ...
by Fallible
Mon May 16, 2016 8:26 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1642
Views: 343298

Re: What Movie Have You Recently Watched?

The Big Short - just wow. See this and diversify or just invest in water :-) I can recommend "Margin Call" (Kevin Spacey, Jeremy Irons) as the perfect counterpoint-- this is what life was like *inside* those banks when it hit the fan . Yes, Margin Call is the perfect counterpoint to "...
by Fallible
Mon May 16, 2016 7:23 pm
Forum: Investing - Help with Personal Investments
Topic: Best beginner options
Replies: 24
Views: 1706

Re: Best beginner options

That clarifies a lot of issues. In.my opinion the investing priorities should probably be-- 1) contribute enough to the 401k to get the full employer match, 2) pay off high interest debt. Take that $100 per month you were adding to savings and instead apply it to the 26%, 24% and 17% credit card de...
by Fallible
Mon May 16, 2016 4:00 pm
Forum: Investing - Theory, News & General
Topic: Are Target Retirement Funds More Resistant to Panic Selling?
Replies: 23
Views: 1820

Re: Are Target Retirement Funds More Resistant to Panic Selling?

"I am becoming more and more convinced that behavior is more important than fund selection." Yep. And that's why Warren Buffett keeps saying, " Investing is simple but not easy." Lev Right. :thumbsup And why Jonathan Clements said, "If you want to see the greatest threat to...
by Fallible
Mon May 16, 2016 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: Best beginner options
Replies: 24
Views: 1706

Re: Best beginner options

Welcome to the forum! My first thiught is that considering the debt payments, you will first need to build an emergency savings exceeding $2.5k before investing further. See the wiki's "Getting Started," and also read if You Can , an e-book for millennials by William Bernstein. https://ww...
by Fallible
Mon May 16, 2016 1:59 pm
Forum: Personal Consumer Issues
Topic: Book List review
Replies: 3
Views: 389

Re: Book List review

Check out the reading lists on the wiki for books that you haven't listed here.

https://www.bogleheads.org/wiki/Books:_ ... nd_reviews
by Fallible
Mon May 16, 2016 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Best beginner options
Replies: 24
Views: 1706

Re: Best beginner options

Lots of text, I appreciate your time if you read all of this and answer. Thank you! Hello all, To keep things simple, I'm 22, make 36k/yr, about $2.5k in CC debt, $5k car loan, $5k student loan, and $3k in a 401k plan that is matched 50% by employer up to 6%, so I'm doing 6% ofc. Learned my lesson ...
by Fallible
Sun May 15, 2016 5:30 pm
Forum: Local Chapters and Bogleheads Community
Topic: MN Bogleheads Meeting May 7th
Replies: 10
Views: 1534

Re: MN Bogleheads Meeting May 7th

I'm sorry I missed this meeting; I have been interested in attending and hope to in August. Are these meetings usually held in the west metro? Thanks in advance, Ryan Welcome to the forum! If you're not on the mailing list, email us at MNbogleheads@gmail.com. Our main (full group) quarterly meeting...
by Fallible
Fri May 13, 2016 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Question (Just starting out)
Replies: 9
Views: 574

Re: Asset Allocation Question (Just starting out)

Hello everyone, I have been looking into passive funds investing for a while now, but have had little money to invest. I will be finishing graduate school and entering the work force soon and want to start planning my investments. I am, however, having trouble with determining my risk tolerance. I ...
by Fallible
Fri May 13, 2016 8:47 pm
Forum: Investing - Theory, News & General
Topic: Jim Cramer doesn’t beat the market
Replies: 61
Views: 6375

Re: Jim Cramer doesn’t beat the market

The problem I have with the Jim Cramers and CNBC-type shows is their manipulations of the gullible, the uninformed, the misinformed, the naive, and overconfident investors. They are primarily for the pros, especially the traders who presumably know what to do with the noise, but they also attract th...
by Fallible
Thu May 12, 2016 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Is investing only about sound, monetary decisions?
Replies: 16
Views: 1620

Re: Is investing only about sound, monetary decisions?

More and more, I find myself responding to threads with what amounts to a psychological response rather than only a financial one while also attempting to respond to the financial question posed. Do others ultimately view the whole goal of investing to be financial security, or is it ultimately onl...
by Fallible
Mon May 09, 2016 5:23 pm
Forum: Investing - Theory, News & General
Topic: Don't stay the course
Replies: 118
Views: 16443

Re: Don't stay the course

I'll start, Maybe future returns are going to be dismal and I'd be better off being a landlord. That's an argument not to invest in stocks and bonds to begin with - not an argument to divert from a course you've set because of unexpectedly bad returns. "Stay the course" doesn't mean throw...
by Fallible
Sun May 08, 2016 3:16 pm
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY BIRTHDAY, MR. BOGLE! May 8, 2016
Replies: 52
Views: 3197

Re: HAPPY BIRTHDAY, MR. BOGLE! May 8, 2016

Happy birthday from one of the millions of small investors enjoying the "fair share" you made possible. :beer :moneybag
by Fallible
Sun May 08, 2016 3:06 pm
Forum: Investing - Theory, News & General
Topic: The High Fees You Don't See Can Hurt You"
Replies: 4
Views: 1120

Re: The High Fees You Don't See Can Hurt You"

Here is the second article of this series published today: http://www.nytimes.com/2016/05/08/your-money/the-looming-danger-of-all-the-investment-fees-you-dont-see.html?ref=business Stay the course, pay attention to the big picture, and don’t sweat the details. That string of mantras makes sense for ...
by Fallible
Fri May 06, 2016 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Wiki article for new investors - Risk tolerance
Replies: 42
Views: 3220

Re: Wiki article for new investors - Risk tolerance

I think it's great to have an article on this topic. I read the thread before I read the article, and I was very much thinking "expected value" is a phrase safer to avoid; however, after reading the article, I think at the very least the word "expected" should be prominently fea...
by Fallible
Thu May 05, 2016 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Wiki article for new investors - Risk tolerance
Replies: 42
Views: 3220

Re: Wiki article for new investors - Risk tolerance

Fallible, The term "expected return" should not be used in a text destined to be read by beginners. I've got a pretty good mathematical background, and I have been active on this site for a few years already, but I have been unable to entirely grasp its meaning , so far. Here's the clarif...
by Fallible
Thu May 05, 2016 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Wiki article for new investors - Risk tolerance
Replies: 42
Views: 3220

Re: Wiki article for new investors - Risk tolerance

I agree with celia and longinvest , it's important to make it clear that adding risk could backfire and create lower return. Perhaps instead of the the second sentence, something like this -- "Any investor deciding to take more risk because of perceived "need" should do so keeping in...

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